1 cup butter or margarine, softened

2 tablespoons milk

In mixing bowl cream together butter and sugar; blend in milk and vanilla or rum flavoring.  

Stir in flour, chopped candied cherries and nuts. 

Form dough into two 8" rolls. Roll in flaked coconut to coat outside. Wrap in waxed paper or clear plastic wrap. Chill thoroughly.

Cut into 1/4"  slices. Place on ungreased cookie sheet. 

Bake in 375 degree oven for about twelve minutes, or until edges are golden.

Yield:  60 cookies